The pre-seed round was co-led by Connect Ventures and Fly Ventures to support platform development and team expansion.
"We started Ophelos to create customer-centric products and services that nurture financially healthy and trusted relationships between consumers and businesses. The debt collection industry felt like a natural starting point because it allows us to understand, diagnose and address many of the underlying issues surrounding financial health. It’s also an industry in desperate need of change towards a more technology-driven, and most importantly, customer-centric approach. We want to create a world where everyone is financially educated, empowered and equal — reimagining the debt collection industry is just a first step towards our larger goal."
QIMA led the pre-seed round, which included participation from four minority investors.
"The past 18 months have shown the vulnerabilities in global supply chains. Whether its climate change, political unrest or COVID-19, supply chain disruptions are increasing in frequency and severity. Enterprises need to ensure resiliency but they’re in a catch 22 situation – cost efficient supply chains are vulnerable ones. The good news is that technology can help without compromising competitiveness’"
The pre-seed round was led by Taavet Hinrikus, Sten Tamkivi and Jaan Tallinn.
"Investing in Europe is a very long way away from where it needs to be. Professional and experienced investors have good options open to them with clear pricing and best-in-class tools, but ordinary investors don’t have that. Lightyear is going to be Europe’s first truly commission-free investment platform, and using our experience with transforming how the world approaches currency conversion, our goal is to completely change the name of the game when it comes to investing."
.png)
